PNB Housing Finance , a prominent player in India's housing finance sector, held its 37th Annual General Meeting (AGM) on August 21, 2025, marking significant decisions for the company's future. The meeting, conducted through video conferencing, saw shareholders approving several key resolutions that will shape the company's financial strategy and governance structure.

Dividend Declaration and Financial Approval

Shareholders approved a dividend of INR 5.00 per equity share for the financial year ended March 31, 2025. This dividend, applicable to shares with a face value of Rs 10.00 each, is scheduled for payment on September 8, 2025. The meeting also saw the adoption of both standalone and consolidated financial statements for the fiscal year 2024-25, along with the accompanying reports from the Board of Directors and Auditors.

Board Composition and Auditor Appointment

Mr. Dilip Kumar Jain, who brings over 29 years of banking sector experience, was re-appointed as a non-executive nominee Director. Currently serving as the Chief Financial Officer of Punjab National Bank, Mr. Jain's reappointment underscores the company's commitment to leveraging seasoned expertise in its leadership.

The company appointed M/s. Vinod Kothari & Company as its Secretarial Auditor for a five-year term spanning from FY 2025-26 to FY 2029-30. This appointment reflects PNB Housing Finance's dedication to maintaining high standards of regulatory compliance and transparency.

Strategic Financial Decisions

A significant resolution passed at the AGM was the authorization granted to the Board of Directors to issue Non-Convertible Debentures (NCDs) or bonds. This approval allows the company to raise up to Rs 10,000.00 crore through private placement, providing substantial financial flexibility until the next AGM.

Expansion of Business Scope

Shareholders approved alterations to the company's Memorandum of Association, enabling PNB Housing Finance to offer unsecured loans within the regulatory framework. This strategic amendment is expected to broaden the company's lending portfolio and potentially open up new revenue streams.

Corporate Governance and Related Party Transactions

The AGM also addressed matters of corporate governance, including the approval of commission for Independent Directors and Non-Executive non-Nominee Directors. Additionally, shareholders greenlit material related party transactions with Punjab National Bank and PNB Gilts Limited, ensuring compliance with regulatory requirements while facilitating necessary business operations.

Looking Ahead

With these approved resolutions, PNB Housing Finance appears poised for potential growth and diversification in its operations. The substantial debt issuance capability, coupled with the expanded scope for unsecured lending, signals the company's ambitions for the coming fiscal year.

PNB Housing Finance Ltd. (NSE: PNBHOUSING) witnessed a significant block trade on the National Stock Exchange (NSE) on Thursday, marking a notable transaction in the company's shares.

Block Trade Details

The block trade, valued at approximately Rs. 67.27 crore, involved the exchange of 823,669 shares of PNB Housing Finance. The transaction was executed at a price of Rs. 816.75 per share, reflecting current market valuations for the company.

Market Impact

Block trades of this magnitude often attract attention from market participants as they can indicate shifts in institutional holdings or strategic moves by large investors. While the identities of the buyers and sellers in this transaction remain undisclosed, such trades can sometimes influence market sentiment and trading patterns in the short term.

About PNB Housing Finance

PNB Housing Finance Ltd. is a prominent player in India's housing finance sector. The company offers a range of home loan products and is known for its strong presence in both retail and corporate lending segments within the real estate financing domain.

This block trade highlights ongoing investor interest in PNB Housing Finance and may warrant attention from market analysts and investors tracking the housing finance sector in India.

Note: Investors are advised to conduct their own research and consult financial advisors before making investment decisions based on market movements or block trades.